Mercer Global Advisors Inc. ADV Raises Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Mercer Global Advisors Inc. ADV raised its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 53.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,511 shares of the company's stock after purchasing an additional 3,659 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Church & Dwight were worth $1,101,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. YANKCOM Partnership acquired a new position in Church & Dwight during the fourth quarter worth about $25,000. Strategic Financial Concepts LLC acquired a new position in shares of Church & Dwight during the 4th quarter worth approximately $39,000. Bernard Wealth Management Corp. purchased a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $40,000. Bank of Jackson Hole Trust acquired a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $43,000. Finally, Golden State Wealth Management LLC purchased a new position in Church & Dwight during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Church & Dwight Stock Performance

NYSE:CHD opened at $91.59 on Friday. Church & Dwight Co., Inc. has a 52 week low of $91.08 and a 52 week high of $116.46. The company has a fifty day simple moving average of $104.03 and a two-hundred day simple moving average of $105.50. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The company has a market cap of $22.54 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business earned $0.96 EPS. Church & Dwight's revenue was down 2.4% on a year-over-year basis. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.29%. Church & Dwight's payout ratio is 50.64%.

Analyst Upgrades and Downgrades

CHD has been the subject of a number of recent research reports. TD Cowen downgraded Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 target price for the company. in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Morgan Stanley dropped their price target on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Truist Financial upped their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, UBS Group cut their target price on Church & Dwight from $110.00 to $102.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $109.13.

Insiders Place Their Bets

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares of the company's stock, valued at $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Read purchased 3,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $92.07 per share, for a total transaction of $276,210.00. Following the purchase, the executive vice president now directly owns 5,505 shares in the company, valued at $506,845.35. The trade was a 119.76 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 80,230 shares of company stock valued at $8,903,734 in the last ninety days. Insiders own 1.20% of the company's stock.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.

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